Simec Atlantis, Eurasia Mining, Quantum Blockchain

London’s AIM index managed to rack up modest gains during Thursday’s session, although doubtless until there is better direction on who will replace Boris Johnson – and how quickly he will retire – UK markets in general could struggle. As of 4:30 p.m., the index was nearly five points higher at 879.34.

  • Simec Atlantis +101%
  • Eurasia Mining +45%
  • Quantum Blockchain +24%
  • Novacyt -24%
  • Nanosynth -20%

Simec Atlantis [LON:SAE] topped the board today, jumping just over 100% after announcing the government had agreed to guarantee 15 years of tidal power generation by setting a guaranteed price now. This will allow the world’s first commercial tidal network to be deployed on a large scale.

Mining in Eurasia [LON:EUA] also advanced by 45%. There’s no news here, but it has helped reverse some of those losses the stock has racked up over the past few days. The closing spread was a rather wide 7% and although volumes were strong, they were far from remarkable.

A notable mention for quantum blockchain [LON:QBT] which is up 24% today. There is no news, but with bitcoin appearing to have found some support, this could impact the stock price.

Novacyt [LON:NCYT] was the worst performer of the day, down 24% following a trade update. This signaled a faster than expected decline in sales and COVID-related revenue for the full year is now expected to be around £25m, significantly below the previously reported £35-45m.

Nanosynth [LON:NNN] was the second biggest faller, with 20% off by the bell. A strategy update and news from directors buying shares has supported the price in recent days, suggesting that this sell-off may be nothing more than opportunistic profit-taking.